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Mumbai, 15 April. While crude oil prices softened due to the possibility of talks between the US and Iran for the second time amid the West Asia crisis and the standoff over the Strait of Hormuz, the Indian stock market also cheered in line with favorable global signals. In this sequence, after the Ambedkar Jayanti holiday, both the benchmark indices closed with good gains. While BSE Sensex crossed 78,000 with a gain of 1,264 points, NSE Nifty gained 389 points and stood above 24,200.

Sensex closed at 78,111.24, up 1,263.67 points

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 78,111.24 points, up 1,263.67 points or 1.64 percent. At one point during trading, it had climbed 1,422.85 points to reach 78,270.42 points. Among Sensex companies, 28 stocks strengthened while only two showed weakness.

Nifty closed at 24,231.30, up 1.63 percent

On the other hand, the National Stock Exchange (NSE) sensitive index Nifty based on 50 shares closed at 24,231.30 points, increasing by 388.65 points or 1.63 percent. Among the companies associated with Nifty, shares of 47 stopped rising while three recorded a decline.

Heavy buying was also seen in midcap and smallcap shares. Nifty Midcap rose 2.20% and Smallcap 2.35%, reflecting broad participation by investors. On sectoral basis, construction sector remained at the forefront while good buying was also seen in IT and media stocks, which is a sign of increasing confidence in growth sectors.

Increase in investors’ capital by Rs 9.11 lakh crore

The total market capitalization of companies listed on BSE increased to Rs 4,58,25,183.95 crore on Wednesday, which was Rs 4,49,13,555.17 crore in the previous trading session i.e. April 13. Thus, an increase of Rs 911,628.78 crore was recorded in the total market cap of companies listed in BSE today. In other words, investors’ capital increased by Rs 9.11 lakh crore in one day.

Indigo shares gained the most by 4.63 percent

Among the companies included in the Sensex group, shares of InterGlobe Aviation (ie IndiGo) gained the most by 4.63 percent. Power Grid Corporation, Tech Mahindra, TCS and Larsen & Toubro were also major gainers. On the other hand, shares of Bharti Airtel, ICICI Bank and Axis Bank declined.

Brent crude fell to $ 95.74 per barrel

Global oil benchmark Brent crude fell to near $95.74 a barrel amid signs of easing West Asia tensions. A day earlier on Tuesday, the stock market remained closed due to Ambedkar Jayanti. Earlier on Monday, Sensex fell 702.68 points to close at 76,847.57 points and Nifty fell 207.95 points to close at 23,842.65 points.